1 Topic by krog (edited by Popov 2013-09-01 12:49:52)

  • krog
  • Licensed Member
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  • Registered: 2010-02-26
  • Posts: 407

Topic: Day of Week Exit

Original Request -- indicator to specify closing day, to be more flexible than Week Closing (last day only)

Feature: can specify day-time range for exiting positions

Notes: use filters so you don't enter a position during the exit time. Or else, equity curve goes down quickly because it will open and close positions on each bar.

Please verify it works for you on a demo account before using on real account. If any bugs or unexpected behavior, please advise.

EDIT:

Indicator is available in Repository : http://forexsb.com/repository/repositor … -week-exit

Post's attachments

Day of Week Exit.cs 7.74 kb, 72 downloads since 2011-04-04 

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  • Blaiserboy
  • Blaiserboy
  • Junior Part-Time Aspiring Space Cadet
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  • From: Toronto
  • Registered: 2010-09-06
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Re: Day of Week Exit

Excellent of you to prepare a unique indicator and post

Thanks so much.!

Blaiserboy's Website

  • From: Australia
  • Registered: 2011-07-01
  • Posts: 431

Re: Day of Week Exit

Krog

I used this indicator in a strategy I built but I am now not sure it is doing the correct thing. Day of Week Exit has a range for closing the trade so I set it for Friday from 23:30 to 24:00. I ran it live and the close order was sent at 23:59:49 which was then rejected by the broker as the market had closed. I now have an open position over the weekend which is something I hate. I am using 30 min bars. If I set the close time to Friday from 23:30 to 23:58 can you tell me when will the close order be sent? Or will it still wait until just before the next bar is due?

Thanks

  • From: Australia
  • Registered: 2011-07-01
  • Posts: 431

Re: Day of Week Exit

Krog

Don't worry, I have found the solution. In FST I changed "Day Closing" to "Day Closing 2" and brought the time forward on a Friday.

  • krog
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  • Posts: 407

Re: Day of Week Exit

Hi SpiderMan,
I know what you mean, I hate weekend positions too, I stop trading Thursday to avoid it.
Glad to hear you found something that worked. To answer question, I have not tested this so only a guess, but I think since it uses Bar Closing, it will send the order just before the end of the bar. I think it will wait just until the next bar is due.

For your case, it might work better to set to Friday 23:05 to 24:00 -- then would send at end of 2 bars, which would be just before 23:30 and then just before 24:00.

I'd recommend giving it a wide margin of 3-4 bars, because there is always the possibility something goes down like the connection or one's computer sometime around the 10 seconds when Bar Closing orders are sent. I suppose the best would be a time closer that says "after the start time, send exit orders every 5 seconds until position is closed". I'd have to ask Mr Popov how to do that though.

  • From: Australia
  • Registered: 2011-07-01
  • Posts: 431

Re: Day of Week Exit

Is it possible to get this indicator rewritten for FST vers 3.2 and placed in the repository?
Thanks

  • Popov
  • Popov
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  • From: Bulgaria
  • Registered: 2006-11-30
  • Posts: 7,986

Re: Day of Week Exit

Indicator is available in Repository : http://forexsb.com/repository/repositor … -week-exit

Please report any issues.

Popov's Website

  • Registered: 2020-06-23
  • Posts: 5

Re: Day of Week Exit

Hi,

Is there MQL code available for the "Day of Week Exit" indicator?

I have created some promising strategies incorporating the "Day of Week Exit" indicator but realise that I can't export the EA to the Metatrader platform because there is no MQL code, unless I am missing something?

Many Thanks,
Alex